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According to a Fortune report released this week, stablecoin issuer Circle Internet Financial is entertaining informal acquisition talks with Coinbase and Ripple – discussions that could undermine its IPO ambitions.
In a comment to The Block, Circle, which filed an S-1 initial registration form with the Securities and Exchange Commission on April 1 to publicly list on the New York Stock Exchange, maintained that it “is not for sale.”
The stablecoin issuer is allegedly seeking to IPO at a $4-5B valuation and was rumored to have rejected a Ripple acquisition offer for $4-5B in late April, claiming the offer (which did not include any acquisition premium) was too low.
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